Search found 422 matches

by Devil's Advocate
Thu Jul 22, 2021 9:42 am
Forum: Personal Investments
Topic: Early (55) retirement dreams. On target? Directional feedback?
Replies: 7
Views: 1502

Re: Early (55) retirement dreams. On target? Directional feedback?

Congratulations, it looks like you've done a great job preparing for early retirement! I believe 70/30 is a very reasonable AA for you. It's the new 60/40! ACA subsidy is currently capped at 8.5% of your MAGI for Silver Plan. This is set to sunset 2022 I believe, but may be continued? If this is the...
by Devil's Advocate
Sat Jul 03, 2021 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Burned out in the last few miles of the journey.... Any hope?
Replies: 90
Views: 10175

Re: Burned out in the last few miles of the journey.... Any hope?

"Seems" is exactly what it is. It "seems" like it but it actually is not. "Burnout" is mostly caused by psychological/mental/emotional stress related to career. Workplace politics, legal matters, high stake (both financially and humanistically) decisions and negotiatio...
by Devil's Advocate
Sat Jul 03, 2021 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Burned out in the last few miles of the journey.... Any hope?
Replies: 90
Views: 10175

Re: Burned out in the last few miles of the journey.... Any hope?

Burnout is after working hard for a long time. Lazy is never putting in the hard work. Whether you're digging ditches or counting beans, you burn out when you've done it to the point you've exhausted yourself. Respectfully burnout is a term used primarily by high income wage earners. I cannot recal...
by Devil's Advocate
Sat Jul 03, 2021 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Burned out in the last few miles of the journey.... Any hope?
Replies: 90
Views: 10175

Re: Burned out in the last few miles of the journey.... Any hope?

Everyone has job stressors. I think burnout is a term used by high income wage earners who are whining about not wanting to go back to work. We call lower wage earners lazy when they wish they wouldn't have to work. DA Name checks out :) Also, he's not wrong... Burnout is after working hard for a l...
by Devil's Advocate
Sat Jul 03, 2021 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Burned out in the last few miles of the journey.... Any hope?
Replies: 90
Views: 10175

Re: Burned out in the last few miles of the journey.... Any hope?

Everyone has job stressors. I think burnout is a term used by high income wage earners who are whining about not wanting to go back to work. We call lower wage earners lazy when they wish they wouldn't have to work. DA Name checks out :) Also, he's not wrong... Burnout is after working hard for a l...
by Devil's Advocate
Fri Jul 02, 2021 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Burned out in the last few miles of the journey.... Any hope?
Replies: 90
Views: 10175

Re: Burned out in the last few miles of the journey.... Any hope?

It’s all a mind game so it comes down to your outlook and nothing else. Since you have basically already decided it’s coming to an end in 3-4 years or sooner if you take the other options you need to simply have a talk with yourself and let the stress go. What do I mean? Well, it’s all about managi...
by Devil's Advocate
Thu Jul 01, 2021 9:32 am
Forum: Personal Consumer Issues
Topic: I made a 100k mistake
Replies: 63
Views: 8097

Re: I made a 100k mistake

No matter what you decide your child will be fine. Children are extremely adaptable and as long as they know you love them and give them security it is a non issue.

DA
by Devil's Advocate
Fri Jun 25, 2021 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Opportunity presents - Should I or shouldn't I?
Replies: 47
Views: 4195

Re: Opportunity presents - Should I or shouldn't I?

I'll pile on...no. Just no.

You're doing great as is. I wouldn't complicate life.

DA
by Devil's Advocate
Thu Jun 24, 2021 6:26 pm
Forum: Personal Investments
Topic: When Can We Stop Contributing to Retirement Funds
Replies: 38
Views: 4929

Re: When Can We Stop Contributing to Retirement Funds

Nobody said tax advantaged accounts were a free lunch. But careful planning can maximize the tax benefits without crimping your style too much. For example, the OP could utilize 72(t) distributions to access tax-advantaged accounts without penalty before 59.5. At age 27, and probably for the next 1...
by Devil's Advocate
Thu Jun 24, 2021 10:10 am
Forum: Personal Finance (Not Investing)
Topic: car got rear ended , claims adjuster will not co-operate
Replies: 68
Views: 6048

Re: car gor rear ended , claims adjuster will not co-operate

Call your insurance. Find out if you make a claim with them if they will go after other company.

DA
by Devil's Advocate
Thu Jun 24, 2021 10:04 am
Forum: Personal Investments
Topic: When Can We Stop Contributing to Retirement Funds
Replies: 38
Views: 4929

Re: When Can We Stop Contributing to Retirement Funds

What is the goal of cutting back your retirement contributions? Is it to spend more money now or is it to pursue investment opportunities outside of retirement accounts? If the answer is to spend more now, consider every penny you spend more requires even more savings to support once you have no in...
by Devil's Advocate
Thu Jun 24, 2021 10:02 am
Forum: Personal Investments
Topic: When Can We Stop Contributing to Retirement Funds
Replies: 38
Views: 4929

Re: When Can We Stop Contributing to Retirement Funds

I'm sorry, but what are you thinking? Why not continue to put money into tax advantaged accounts? With your numbers there is no reason not to use 401k, Roth, etc.
Keep stocking money away. Delay gratification. It has served me well.

DA
by Devil's Advocate
Thu Jun 24, 2021 6:56 am
Forum: Personal Investments
Topic: What to do after "hitting our number?"
Replies: 16
Views: 2606

Re: What to do after "hitting our number?"

Clearly you are doing excellent for your stated goals. Your asset allocation seems well reasoned based on your income expectations and needs in retirement. I think security is more important than swinging for the fences. As far as your dream home goes the property within a mile of a hog confinement ...
by Devil's Advocate
Mon Jun 21, 2021 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Options for retiring before age 65
Replies: 20
Views: 2760

Re: Health Insurance Options for retiring before age 65

For 2021 and 2022 the max premium for Gold plan is 8.5% of MAGI I believe. You can put that subsidy towards any plan and for some the premium amount is zero.

Bogleheads can correct me if I'm wrong.

DA
by Devil's Advocate
Sun Jun 13, 2021 10:30 am
Forum: Personal Consumer Issues
Topic: Tire flat fixing for beginners
Replies: 159
Views: 8897

Re: Tire flat fixing for beginners

What about run flat tires?

DA
by Devil's Advocate
Sat Jun 12, 2021 6:21 am
Forum: Personal Consumer Issues
Topic: Anchorage car rental
Replies: 9
Views: 978

Re: Anchorage car rental

I put a deposit in for an RV rental for 10 days in July in Anchorage a few months ago. My cost is $249/day. Honestly if you are going to vacation there a small RV is way more cost effective than a rental car and having to pay for lodging. DA Thank you. I have not thought of this. May I ask if you c...
by Devil's Advocate
Fri Jun 11, 2021 3:52 pm
Forum: Personal Consumer Issues
Topic: Anchorage car rental
Replies: 9
Views: 978

Re: Anchorage car rental

I put a deposit in for an RV rental for 10 days in July in Anchorage a few months ago. My cost is $249/day.

Honestly if you are going to vacation there a small RV is way more cost effective than a rental car and having to pay for lodging.

DA
by Devil's Advocate
Mon Jun 07, 2021 8:59 am
Forum: Investing - Theory, News & General
Topic: My favorite authors are turning their backs on Bonds
Replies: 167
Views: 18483

Re: My favorite authors are turning their backs on Bonds

With regard to MPT there is an obvious fact that should be noted. Disclaimer: I'm staying within the usual frame of reference for MPT, including concepts that can be challenged. If the return of stocks, bonds, and the riskless asset all decline by the same amount, then the optimum portfolio allocat...
by Devil's Advocate
Tue Jun 01, 2021 4:29 pm
Forum: Investing - Theory, News & General
Topic: Why the golden years for bonds are over but can still have a place in your portfolio
Replies: 203
Views: 16160

Re: Why the golden years for bonds are over but can still have a place in your portfolio

I wish Taylor would insert his knowledge of the total bond fund. He is a huge advocate of it and I appreciate his opinion. And yes, I know he retired in the 80s and yes he did quite well with the bond run up henceforth. There's not much to assert. It was one of the best bond bull markets of all tim...
by Devil's Advocate
Tue Jun 01, 2021 4:17 pm
Forum: Investing - Theory, News & General
Topic: Why the golden years for bonds are over but can still have a place in your portfolio
Replies: 203
Views: 16160

Re: Why the golden years for bonds are over but can still have a place in your portfolio

Wait--doesn't that make TIPS at current yields held to maturity a form of "gambling" in real terms? In real terms yes, but not in nominal terms. And nominal terms might be relevant for some investors. I guess, but I don't take much comfort in thoughts like, "I am investing in nominal...
by Devil's Advocate
Tue May 25, 2021 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Drastically change AA???
Replies: 36
Views: 2353

Re: Drastically change AA???

I'm confused: so someone moved in next door to you and is keeping junk in his or her backyard, and now you want to sell your house? This seems drastic. Can you try talking with this person? :confused Nope. To the left of me a lady and her very senior husband moved in December 2020. She took a very ...
by Devil's Advocate
Tue May 25, 2021 10:41 am
Forum: Investing - Theory, News & General
Topic: Clarification of the 'need, ability, and willingness' framework
Replies: 206
Views: 19301

Re: Clarification of the 'need, ability, and willingness' framework

So those of us with a 70/30 allocation should feel comfortable even though you are pretty sure bond funds won't have a positive real return going forward?? DA Bonds can have plenty of positive return going forward as a return on capital when you use them to rebalance your AA into stocks at fire sal...
by Devil's Advocate
Tue May 25, 2021 10:14 am
Forum: Investing - Theory, News & General
Topic: Clarification of the 'need, ability, and willingness' framework
Replies: 206
Views: 19301

Re: Clarification of the 'need, ability, and willingness' framework

So those of us with a 70/30 allocation should feel comfortable even though you are pretty sure bond funds won't have a positive real return going forward?? DA Bonds can have plenty of positive return going forward as a return on capital when you use them to rebalance your AA into stocks at fire sal...
by Devil's Advocate
Tue May 25, 2021 10:10 am
Forum: Investing - Theory, News & General
Topic: Clarification of the 'need, ability, and willingness' framework
Replies: 206
Views: 19301

Re: Clarification of the 'need, ability, and willingness' framework

Yes, all good examples for when one is accumulating. I was thinking of someone already retired (or at least close) when writing in another thread : "You are looking at $99K of COLA income when you hit age 70. Congratulations, you have "won the game"! Given that, one could argue for a...
by Devil's Advocate
Mon May 24, 2021 4:27 am
Forum: Investing - Theory, News & General
Topic: Clarification of the 'need, ability, and willingness' framework
Replies: 206
Views: 19301

Re: Clarification of the 'need, ability, and willingness' framework

"Nearly everyone shares the "obvious" opinion that if you have a longer time horizon, you can afford to and should have a more aggressive investment portfolio than someone with a shorter time horizon... On close examination, however, we discover that most of the arguments made in supp...
by Devil's Advocate
Sun May 23, 2021 2:31 am
Forum: Investing - Theory, News & General
Topic: Losing money on bonds?
Replies: 28
Views: 4083

Re: Losing money on bonds?

"the purpose of holding bonds is mainly to decrease volatility, not to increase overall return."

Yes

Bonds will not make you rich, but they will preserve wealth.

DA
by Devil's Advocate
Tue May 18, 2021 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Quitting job with no plan- Please help assess my situation
Replies: 95
Views: 9646

Re: Quitting job with no plan- Please help assess my situation

I feel for ya. Your existence does seem pretty spartan. I would not advise leaving a job without a job lined up or at least a strong plan to get another job quickly. It seems harder for an unemployed person with job gap to get a second notice when applying for a position. That being said I would haz...
by Devil's Advocate
Wed May 12, 2021 5:54 am
Forum: Personal Finance (Not Investing)
Topic: ACA Subsidy Issue
Replies: 6
Views: 996

Re: ACA Subsidy Issue

Since you are retired perhaps your time is not as valuable as it once was. If I were you in this situation I would probably just pay the additional $384 and spend my time doing something else, especially if this is just a one year issue.

DA
by Devil's Advocate
Tue May 11, 2021 8:09 pm
Forum: Personal Consumer Issues
Topic: Buying Eyeglasses Online and No Rx Required?
Replies: 24
Views: 2615

Re: Buying Eyeglasses Online and No Rx Required?

It made me question whether EyeBuyDirect is a reliable source of prescription eyeglasses. Zenni still requires you to upload the optometrist prescription before they will ship. I have ordered from Zenni for multiple people for well over a decade. I have never uploaded my prescription or provided th...
by Devil's Advocate
Sun May 09, 2021 4:45 pm
Forum: Personal Investments
Topic: Do I have enough to join my DH in retirement?
Replies: 10
Views: 1880

Re: Do I have enough to join my DH in retirement?

I don't know much about this IIRMA problem. How expensive is this anyway?

DA
by Devil's Advocate
Sat May 08, 2021 3:48 pm
Forum: Investing - Theory, News & General
Topic: Inflation and FIRE
Replies: 10
Views: 1264

Re: Inflation and FIRE

Firecalc and cfiresim.com automatically calculate everything in today's dollar. They will adjust for inflation.

DA
by Devil's Advocate
Tue Apr 27, 2021 7:12 am
Forum: Personal Investments
Topic: Trying to get retirement & other goals figured out
Replies: 17
Views: 2589

Re: Trying to get retirement & other goals figured out

Honestly I don't think you should be worrying about a 529 in your position. Retirement savings ok, but this is where you should be diverting extra funds. 529s are a rich persons tax shelter. You won't get as much benefit as opposed to your 403b. Max this first. You are doing pretty good tho. Keep it...
by Devil's Advocate
Sat Apr 24, 2021 8:06 am
Forum: Personal Consumer Issues
Topic: What "Personal Fitness Products" do you use to help stay active?
Replies: 76
Views: 6622

Re: Walkers, Runners, Joggers: What best brand/style/type of Leg wraps?, Compression "leggings?", Knee sleeves? Etc?

What are you needing the device for? I don't have any leg wraps or braces.

I have orthotics for my shoes after I developed a case of persistent posterior tibial tendinitis. They were custom made and have been very helpful.

DA
by Devil's Advocate
Mon Apr 19, 2021 6:20 am
Forum: Personal Finance (Not Investing)
Topic: Bad Work Situation - Can I Retire Leave/Retire
Replies: 27
Views: 5151

Re: Bad Work Situation - Can I Retire Leave/Retire

It seems the consensus is you're good to retire. I would encourage you to look at 3 fund portfolio. Dividend producing stock isn't anything special. It is the total value of the stock that matters. Total market index fund is in my mind better than trying to pick your own. Congratulations on your upc...
by Devil's Advocate
Mon Apr 12, 2021 6:08 am
Forum: Personal Consumer Issues
Topic: What do you do with well worn clothing?
Replies: 39
Views: 3422

Re: What do you do with well worn clothing?

My great uncle is a very well off farmer worth multi million dollars. He is very cheap as well. According to his now deceased wife he had so many holes in his underwear that he would just wear 2 pairs at once. I am not suggesting you do this with your well worn clothing, I just felt like I could sha...
by Devil's Advocate
Sat Apr 10, 2021 1:39 pm
Forum: Personal Consumer Issues
Topic: Travel Trailer vs My Pickup Truck: Specs?
Replies: 54
Views: 3609

Re: Travel Trailer vs My Pickup Truck: Specs?

The F350 with 7.3 Godzilla engine will be my next hauling vehicle. I have heard so many horror stories on here with the diesel engines. And I don't want to worry about DEF. The 7.3 gasser is more than enough to pull the biggest trailers.

DA
by Devil's Advocate
Thu Apr 08, 2021 1:18 pm
Forum: Personal Consumer Issues
Topic: New or Used: car purchase
Replies: 17
Views: 1344

Re: New or Used: car purchase

A wrangler to commute with?? No thanks.

DA
by Devil's Advocate
Wed Apr 07, 2021 4:41 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 282
Views: 22376

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

Its all priorities. I drive 200k+ car. Dont wanna drive a junk in my prime 30s. No point driving ferrari when you are old and bald lol. Yes there is...to get the women that are in their 20's and 30's... My parents winter in Scottsdale, AZ and you wouldn't believe the number of 60/70 year old guys d...
by Devil's Advocate
Wed Apr 07, 2021 4:37 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 282
Views: 22376

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

I was inexplicably driving through a Dodge/Jeep dealership last weekend taking a casual look at some of the Wranglers when a nice looking Dodge Ram caught my eye. Not a dually but a sport/off road type but I didn't catch all the ins and outs of the options/model etc. because I didn't linger long wh...
by Devil's Advocate
Wed Apr 07, 2021 4:21 pm
Forum: Personal Investments
Topic: Family with 4 little humans: chances of retiring/financial independence
Replies: 70
Views: 7494

Re: Family with 4 little humans: chances of retiring/financial independence

Hi everyone, We just refinanced our mortgage to a 20y note, and I've got this idealized goal of retiring the day it's paid off. I'd like to get to financial independence at a relatively young age. Is that realistic? Thank you! Emergency funds: 6 mo exp, cash Debt: mortgage, $197k, 20y, 2.375%, firs...
by Devil's Advocate
Wed Apr 07, 2021 2:00 pm
Forum: Personal Consumer Issues
Topic: Humic Acid for lawn and garden - Experiences?
Replies: 9
Views: 734

Re: Humic Acid for lawn and garden - Experiences?

I have used antler king plot max for a clover food plot. It was 25 bucks for 1/2 acre. Can't say about the effectiveness tho.

Its on Amazon if you want some.

DA
by Devil's Advocate
Wed Apr 07, 2021 12:22 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 282
Views: 22376

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

A more frugal way to buy cars would have been to buy 2-3 year old cars and keep them 7-8 years. But, as I said, we like cars, and this has been one of our splurges. We have Bogleheads saying they've bought new cars and sold them for what they paid two years later, so the 2-3yr-old thing was perhaps...
by Devil's Advocate
Wed Apr 07, 2021 9:32 am
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 282
Views: 22376

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

What a great way to hack transportation costs! About 15 years ago, my wife and I were newly married and had $40k in credit card debt. My wife bought a car for $5k, put 100,000 miles on it over several years (she had a long commute at the time), and then sold it for $2k. It was one of the things we ...
by Devil's Advocate
Sat Apr 03, 2021 6:51 am
Forum: Personal Investments
Topic: Considering retirement
Replies: 26
Views: 3067

Re: Considering retirement

Buy ACA insurance thru marketplace. Max of 8.5% of income for silver plan.

Insurance problem solved. Retire now.

DA
by Devil's Advocate
Fri Apr 02, 2021 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a farm
Replies: 34
Views: 4697

Re: Buying a farm

I bought 80 acres recreational land to build on a couple years ago. At the time I knew it was either going to be the best thing for myself and my family, or the worst financial mistake ever. So far so good. We love it. Keep in mind all the things one wants to do on a recreational farm. In the past 2...
by Devil's Advocate
Wed Mar 31, 2021 5:42 am
Forum: Personal Finance (Not Investing)
Topic: Buying a farm
Replies: 34
Views: 4697

Re: Buying a farm

It sounds like this is a luxury purchase. Not buying for income production, but for recreation. Which is fine if you can afford it. What is your income, retirement accounts, net worth? I also doubt the landowner has much incentive to sell on contract when they can sell outright. Have you tried getti...
by Devil's Advocate
Tue Mar 30, 2021 8:03 am
Forum: Personal Consumer Issues
Topic: Fidelity Study on Retirement
Replies: 18
Views: 2133

Re: Fidelity Study on Retirement

I ended up reading a not so great article on this study. The cool thing was I was able to find the study: https://s2.q4cdn.com/997146844/files/doc_news/2021/03/24/State-of-Retirement-Planning_Fact-Sheet_FINAL.pdf 82% of Americans feel that their retirements plans were thrown off track by the pandem...
by Devil's Advocate
Sun Mar 28, 2021 5:14 am
Forum: Personal Consumer Issues
Topic: Can I stop working? [New car discussion]
Replies: 63
Views: 3426

Re: Can I stop working?

LBYM is so engrained in me. Depression era parents who did well but were never extravagant. Grandparents who retired early on pensions, but with little education - prison guard, toll booth collector. I’ve been a Boglehead for years, lurking even in the M* days. Meanwhile my colleagues own second an...
by Devil's Advocate
Sat Mar 27, 2021 2:49 pm
Forum: Personal Consumer Issues
Topic: exipred / obsolete propane jugs
Replies: 58
Views: 4179

Re: exipred / obsolete propane jugs

A full service gas/fuel supplier will dispose of them for you for a small fee. $10 or so as I remember it. Depending on their level of service, these can be picked up by the county bulk waste service in some areas (like old couches or scrap metal) for free. Ok, but why would you? Wouldn't it be bet...
by Devil's Advocate
Wed Mar 24, 2021 10:07 am
Forum: Personal Consumer Issues
Topic: benefit of vaccination with kids at home
Replies: 26
Views: 1651

Re: benefit of vaccination with kids at home

Herd immunity likely this summer.

Teenagers unlikely to get severe disease.

Personally I would travel now with family and not worry.

Safe travels.

(But if you want to stay at home and wash your Romaine that is fine too)

😉

DA